Samson Mow (샘슨 모우), CEO of Jan3 and known as a bitcoin (BTC) bull, said the era of $1 million bitcoin and the possibility of a so-called “Omega candle” are drawing near. He argued that a supply shock could occur as large institutional and corporate buying rapidly absorbs the amount actually in circulation.

On April 28, blockchain media outlet BeInCrypto reported that Mow assessed the bitcoin market as showing a different pattern from the traditional four-year cycle. He noted that bitcoin had already set an all-time high before the halving and that signs of overheating in the post-peak zone were limited compared with past cycles.

Mow said some investors interpret this as a signal the cycle has ended, but argued it could instead be an early stage in a deepening supply shortage. “Right now everything is fluid,” he said. “Buy pressure from Michael Saylor’s Strategy and other bitcoin treasury strategy companies is pouring into the market.” He added, “The Omega candle and $1 million bitcoin may be closer than people think.”

He cited bitcoin’s limited supply structure as a key basis for his view. Bitcoin’s total issuance is capped at 21 million coins, and fewer than 1 million new coins remain to be mined. He also argued that large buyers are steadily absorbing bitcoin regardless of price, meaning the market is overestimating the amount actually available to circulate.

Mow said the market is overestimating the amount of bitcoin actually available for circulation. “Many people think 2 million to 3 million bitcoin are waiting on exchanges, but a significant portion is inventory held by market makers or hedge funds,” he said, adding that the supply actually available for sale is smaller than expected.

He also judged the current price to be undervalued. Citing inflation adjustments and the stock-to-flow model, Mow argued that “$120,000, and even prices below $110,000, are below fair market value.” He said that reflecting only dollar inflation in recent years would put bitcoin’s fair price at at least about $110,000.

The $1 million bitcoin outlook is not limited to Mow. Matt Hougan (맷 호건), chief investment officer at Bitwise, has said bitcoin could reach $1 million if it captures about 17 percent of the global store-of-value market over the long term. Cathie Wood (캐시 우드), CEO of ARK Invest, is also maintaining a $1.2 million price target for 2030.

Still, the gap with current market conditions remains large. Bitcoin is trading about 40 percent below its all-time high of $126,000 set in October 2025. At the current price, it would need an additional gain of more than 10-fold to reach $1 million.

The market is focusing on whether institutional buying will ultimately lead to a decline in the amount available for circulation, and how much the supply-shortage thesis will be reflected in prices. Bitcoin bulls see sustained accumulation by companies and institutions as capable of driving a long-term rise, but some also point to macroeconomics and risk-asset flows as still likely to have a major influence in the short term.

JUST IN: SAMSON MOW JUST SAID THE 4-YEAR CYCLE IS DEAD AND #BITCOIN IS HEADING TO $1,000,000 SAYLOR IS FLOODING THE MARKET WITH BUY PRESSURE "THERE IS NOT ENOUGH SUPPLY" BREAKOUT SOON pic.twitter.com/a93eJcmFHI